This is a quiz test with true or false with 10 questions from Enterprise Risk Management Chapter 15

QUESTION 1In developing a Risk Scorecard, the sixth of the six steps is the identification of potential future mitigations and risk indicators. True False

0.5 points QUESTION 2An ERM assists in resource allocation decisions, but conflicts with budgeting models to include results-based budgeting (RBB) models. True False

0.5 points QUESTION 3In developing a Risk Scorecard, the first of the six steps consists of weighting of goals within the plan that is based on the highest priority for the organization to advance. True False

0.5 points QUESTION 4The strength of the pm2 model is its robustness that is obtained from the model’s ability to weighting strategic goals and objectives. True False

0.5 points QUESTION 5Strategic objectives are inclusive of both capital and operating components, which are dealt with in separate operating and capital budget cycles. True False

0.5 points QUESTION 6Another pm2 model strength is the system’s ability to differentiate between operating and capital items. True False

0.5 points QUESTION 7In developing a Risk Scorecard, the third of the six steps is the identification of risks to each strategic objective and is scored 1 to 10 in the likelihood category, and 1 to 10 in its impact. True False

0.5 points QUESTION 8In developing a Risk Scorecard, the forth of the six steps is the identification of how current programs contribute to achieving a strategic goal and is scored 1 to 5 in relationship to goal and ineffectiveness in meeting expectations. True False

0.5 points QUESTION 9In developing a Risk Scorecard, the second of the six steps link strategic objectives to the mission, which then determines how these objectives contribute to goals, and to its degree. True False

0.5 points QUESTION 10

In developing a Risk Scorecard, the fifth of the six steps planning future initiatives and is scored 1 to 5 in relationship to strategic objectives. True False